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Trinseo beats 4Q profit forecasts

BERWYN, Pa. (AP) _ Trinseo SA (TSE) on Wednesday reported fourth-quarter profit of $78.5 million.

On a per-share basis, the Berwyn, Pennsylvania-based company said it had net income of $1.72. Earnings, adjusted for non-recurring gains, were $1.68 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.

The plastics and latex maker posted revenue of $917.5 million in the period.

For the year, the company reported profit of $318.3 million, or $6.70 per share. Revenue was reported as $3.72 billion.

For the current quarter ending in April, Trinseo expects its per-share earnings to range from $2.19 to $2.37.

The company expects full-year earnings to be $6.82 per share.

Trinseo shares have risen 20 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $71.30, more than doubling in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSE at https://www.zacks.com/ap/TSE


Keywords: Trinseo, Earnings Report